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Today's Key Factors Influencing Tomorrow's Precious Metals Market
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations ...
South Africa has won a legal claim over $43 million worth of treasure from a World War II shipwreck that was found off the country's coast by a British exploration company, the ...
Copper futures rally on improved Chinese data and USD weakness. Bob Iaccino explains.
As at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, ...
Copper prices have topped US$10,000 per tonne for the second time in a fortnight but analysts including Goldman Sachs are predicting that there’s still a long way to go. Goldman’s ...
post: CHINA SETS YUAN MIDPOINT AT 7.4011 PER DOLLAR, COMPARED TO LAST CLOSE OF 7.2212PBOC sets USD/ CNY central rate at 7.1011 (vs. estimate at 7.2102) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2212. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%.